By Emily Chow and Yuka Obayashi SINGAPORE/TOKYO (Reuters) - Long before labour unrest at liquefied natural gas (LNG) plants threatened to disrupt ...
By Emily Chow and Yuka Obayashi SINGAPORE/TOKYO - Long before labour unrest at liquefied natural gas plants threatened to disrupt supplies, Australia was on track to lose its crown asBy Emily Chow and Yuka Obayashi
While the industrial action has rattled European gas markets, buyers of the Australian super chilled fuel say they're more worried about a series of measures introduced by the government to meet domestic energy needs, manage soaring gas prices and reduce emissions. "We will continue to call on the Australian government to maintain and improve an appropriate investment environment," a spokesperson said.
"We've certainly seen Australia's reputation being affected as some existing buyers expressed interest in diversifying their suppliers for long-term supply," said Ryhana Rasidi, LNG analyst at analytics firm Kpler. "Australia is the closest gas supplier we can get. By far, Australia, U.S. and Qatar are the three pillars in LNG supply chain. If any of them is having problems, we would indeed be nervous," said Jane Liao, vice president at state-run energy firm CPC Taiwan.
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